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391:. He gained access into several other mines in the area and concluded that the hill was full of copper ore. He envisioned an ore body several thousand feet deep, some veins of almost pure copper that would be worth hundreds of millions of dollars. He urged his employers, the Walker Bros. to purchase the Anaconda and when they refrained, Daly bought it. Daly founded his fortune on the Anaconda Copper Mine in Butte, after selling his small share of the Alice Mine, for $ 30,000.
419:. The first couple hundred feet within the mine were rich in silver, and took a few years to exhaust. By that time, Butte's other silver mines were also playing out, so Daly closed the Anaconda, St Lawrence and Neversweat mines. Prices on surrounding properties dropped and Daly quietly purchased them. Then he re-opened the Anaconda as a copper mine and announced to the world that Butte was "The Richest Hill on Earth". Shortly before this time,
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402:, a racetrack, and veterinary clinic, amongst other operations like apple orchards and cattle. These were built around the family's residence, the Daly Mansion. In order to bring water to the agricultural fields, Daly invested in several ditch companies to build irrigation canals throughout the valley. Shortly thereafter he became involved in the timber industry in the
584:). ARCO ceased mining in Butte in 1980 and shut off the deep pumps in 1982, ending what Daly had begun almost exactly 100 years before. Montana Resources, owned by the Washington Group, as of 2007, operates an open pit copper and molybdenum mine in Butte, and also recovers copper from the water in the Berkeley Pit. In 1980 the
406:, purchasing acres of timberland and building sawmills to provide fuel for the smelters in Anaconda. Daly continued to invest in the area, developing infrastructure for the growing workforce. Daly opened the Bitterroot Development Company Store in 1890, which became the Valley Mercantile 18 years later.
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had developed the light bulb and built a city block in New York to show off what electricity could do. The world would need copper as it was an excellent conductor of electricity. Butte had copper. In 1882, nine million tons of copper were mined from a five-square-mile region. Just 14 years later the
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Daly's legacy was a mixed one for
Anaconda. From 1885 to 1980, the smelter was one of the town's largest employers and provided well-paid jobs for generations. When the smelter closed in 1980, during a labor strike, 25% of the town's workforce was put out of work and the town has not recovered. The
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The
Anaconda began as a silver mine, but Daly's purchase was for the copper, found to be one of the largest deposits known at the time. However, he lacked the money to develop it, so he turned to Hearst, Haggin and Tevis. Backed with many millions of dollars, he set out upon developing
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in 1899, and by the 1920s it controlled mining in the city. It continued to be one of the state's largest employers and a mainstay of the state and local economies until the 1970s. In the 1950s, the ACM began open-pit mining in Butte, creating a steadily growing pit, known as the
435:, a city he founded for his employees to work the smelters. Anaconda's smelters quickly became the world's largest metallurgical plant. Daly's lumber and investment interests in the Bitterroot Valley spurred the creation of a rail line by the
398:, Montana, building a summer residence and creating the Bitterroot Stock Farm, a 22,000 acre ranch and horse breeding facility. The ranch included a stable called Tammany Castle, built for his prize-winning thoroughbred
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Riverside, the summer home of the Daly Family, is located in
Hamilton, Montana and open to visitors. Margaret Daly, Marcus' wife, had the home remodeled after his death into a Georgian-Revival Style Colonial.
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He built a smelter to handle the ore, and by the late 1880s, had become a millionaire several times over, and owner of the
Anaconda Mining and Reduction Company. Daly owned a railroad, the
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smelter itself was torn down as part of environmental cleanup efforts in the 1990s, although the smokestack is still in place, visible for many miles across the valley, above the town.
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497:. A number of his horses were successful, which some speculators attributed to the elevation and climate of Hamilton, and others to the rich feed produced by the valley.
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Always an energetic engineer and geologist with a keen eye for paying ore, Daly noticed while working underground in the Alice, that there were significant deposits of
890:
Butcher, Edward Bernie, "Analysis of timber depredations in
Montana to 1900" (1967). Graduate Student Theses, Dissertations, & Professional Papers. 4709.
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stands at the main entrance to
Montana Tech of the University of Montana (formerly the Montana School of Mines), at the west end of Park Street in Butte.
380:. The Walkers purchased the mine, installed Daly as superintendent and awarded him a fractional share of the mine. The Walkers became the namesakes of
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580:, east of the main business district. In the mid-1970s, copper prices collapsed and the ACM was bought out by the Atlantic Richfield Company, (
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hosted a dispersal sale for the
Bitterroot thoroughbred stud, beginning on January 31, 1901; 185 horses were sold the first day for $ 405,525.
450:. Daly was active in Montana politics throughout the 1890s, because of his opposition and intense rivalry with fellow copper king, and future
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In 1894, Daly spearheaded an energetic but unsuccessful campaign to have
Anaconda designated as Montana's state capital, but lost out to
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625:, located in Hamilton, Montana, now called Bitterroot Health-Daly Hospital, was incorporated on December 18, 1929.
540:, though Daly died before the horse was born. In 1956, Sysonby was made a member of the Racing Horse Hall of Fame.
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614:(1862–1947) was acquired in 2009 by the American National Portrait Gallery in Washington D.C.
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in
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In 1898, Daly went looking for a buyer of his company. He entered into negotiations with
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Their business friendship was to extend for many years and help establish the
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https://scholarworks.umt.edu/cgi/viewcontent.cgi?article=5744&context=etd
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honored Marcus Daly with a liberty ship in honor of his accomplishments, the
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6,250,000 in dividends, and made many millions for Hearst, Tevis and Haggin.
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Daly gained experience in the mines of the
Comstock under the direction of
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Hamilton also hosts the Daly Days celebration to honor Marcus Daly.
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353:). In 1872, Daly would recommend purchase by the Hearst group the
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top 100 U.S. thoroughbred champions of the 20th Century
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720:. Salt Lake City, Utah. November 12, 1900. p. 1.
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A drawing of Daly by the Swiss-born American artist
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in time to join the gold rush on what was to become
948:National Museum of Racing and Hall of Fame (1956).
850:Matulka, Rebecca; Wood, Daniel (22 November 2013).
56:. Unsourced material may be challenged and removed.
424:area was producing 210 million pounds of copper.
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559:Margaret Daly's house, Riverside, near Hamilton
571:. The Anaconda Company was bought out by the
528:. He also arranged the breeding of the great
431:to haul ore from his mines to his smelter in
796:The Montana National Register Sign Program.
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905:"125 Montana Newsmakers: The Copper Kings"
874:"The Mining History of Butte and Anaconda"
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493:at his Bitterroot Stock Farm located near
978:article on the Bitter Root dispersal sale
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116:Learn how and when to remove this message
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508:in 1893. He owned and stood Inverness,
1080:American racehorse owners and breeders
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833:"Marcus Daly Family papers, 1883-1996"
273:businessman known as one of the four "
931:"Images of the West: the Wrong Horse"
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738:. Ohio. November 15, 1900. p. 7.
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1130:19th-century American businesspeople
1110:Irish emigrants to the United States
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592:and the smelter outside the town of
567:Daly's legacy was equally mixed for
429:Butte, Anaconda and Pacific Railroad
54:adding citations to reliable sources
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489:Daly invested some of his money in
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714:"Millionaire Daly of Montana dead"
500:In 1891, Daly became the owner of
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1095:American businesspeople in metals
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573:Amalgamated Copper Mining Company
479:Amalgamated Copper Mining Company
394:In 1886, Daly bought property in
384:, which formed around the Alice.
1037:(University of Montana Archives)
1011:National Mining Hall of Fame bio
543:Following his death, New York's
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16:American businessman (1841–1900)
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872:Hoffman, Larry (14 June 2001).
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41:needs additional citations for
1085:Burials at Green-Wood Cemetery
1075:American mining businesspeople
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852:"The History of the Lightbulb"
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690:. Daly Mansion. Archived from
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1120:People from Hamilton, Montana
1100:People from Anaconda, Montana
1070:People from Montana Territory
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623:Marcus Daly Memorial Hospital
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929:Moser, Cathy (Summer 2015).
301:as a young boy, arriving in
265:– November 12, 1900) was an
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1090:Businesspeople from Montana
998:Retrieved February 9, 2015.
989:Marcus Daly Mansion History
770:The War of the Copper Kings
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1115:People from Ballyjamesduff
1105:People from Butte, Montana
878:Mining History Association
806:Montana Historical Society
532:, ranked number 30 in the
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1035:Marcus Daly Family Papers
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485:Thoroughbred horse racing
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417:The Richest Hill on Earth
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239:Margaret Price Evans Daly
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772:. Riverbend Publishing.
768:Glasscock, C.B. (2002).
437:Northern Pacific Railway
19:For the politician, see
856:US Department of Energy
475:Anaconda Mining Company
351:William Randolph Hearst
831:Johnson, Dale (2006).
605:Augustus Saint-Gaudens
596:were declared federal
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21:Marcus Daly (politics)
600:sites by the US EPA.
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545:Madison Square Garden
448:William Andrews Clark
798:"Walkerville, Butte"
718:Deseret Evening News
603:A statue of Daly by
538:Blood-Horse magazine
471:Standard Oil of Ohio
370:Anaconda Copper Mine
343:James Ben Ali Haggin
289:Daly emigrated from
225:Copper industrialist
50:improve this article
909:Great Falls Tribune
736:Toledo Weekly Blade
694:on October 13, 2011
459:William Rockefeller
331:John William Mackay
210:Green-Wood Cemetery
994:2017-11-29 at the
732:"Marcus Daly dead"
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514:Scottish Chieftain
467:John D Rockefeller
249:1 son, 3 daughters
1025:Montana Resources
974:January 31, 1901
631:During WWII, the
612:Adolfo Müller-Ury
506:Horse of the Year
404:Bitterroot Valley
281:, United States.
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692:the original
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263: 1840s
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185:(1900-11-12)
165:County Cavan
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48:Please help
43:verification
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1065:1900 deaths
1060:1841 births
1041:Marcus Daly
382:Walkerville
347:Lloyd Tevis
321:, in 1860.
256:Marcus Daly
241:(1853–1941)
132:Marcus Daly
1054:Categories
959:9 December
914:August 28,
675:References
664:Hennessy's
389:copper ore
307:California
285:Early life
216:, New York
153:1841-12-05
106:April 2011
76:newspapers
598:Superfund
297:, to the
236:Spouse(s)
992:Archived
811:25 April
698:July 31,
643:See also
495:Hamilton
433:Anaconda
396:Hamilton
271:American
246:Children
214:Brooklyn
195:New York
191:New York
1020:website
1016:Bio on
633:US Navy
530:Sysonby
518:Hamburg
502:Tammany
400:Tammany
357:, near
295:Ireland
230:Montana
173:Ireland
90:scholar
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588:, the
551:Legacy
473:. The
444:Helena
325:Career
315:Nevada
269:-born
169:Ulster
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569:Butte
522:Ogden
277:" of
267:Irish
97:JSTOR
83:books
961:2023
916:2011
813:2020
774:ISBN
700:2011
621:The
582:ARCO
510:sire
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199:U.S.
180:Died
147:Born
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